FYInance

Posts Tagged ‘government’

FBNs Liz MacDonald on the Obama Administrations plan to move public workers retirement accounts to annuities. … government public workers retirement annuity annuities treasuries treasury bonds 401k 401(k)

If you're new to FYInance, we're going to make it worth your while to subscribe to our FYInance RSS feed. It will keep you up to date, on your terms!

Jan. 8 (Bloomberg) — John Brennan, chairman emeritus and senior adviser at Vanguard Group Inc., talks with Bloomberg’s Margaret Brennan about the benefits of 401(k) and Individual Retirement Accounts (IRA) over a potential US government annuities plan. The US Treasury and Labor Departments will ask for public comment as soon as next week on ways to promote the conversion of 401(k) savings and IRAs into annuities or other steady payment streams. Brennan also discusses the likelihood of …

Washington Mutual Shareholders were wiped out when the FDIC seized the bank on it’s 119th birthday. The bank was virtually raffled off to JP Morgan for measly 1.9 billion dollars. That includes 0 billion dollars in assets as well as all bank branches and their properties. The FDIC handed the WaMu over to JP Morgan, who in turn gave the FDIC WaMus NYC banks. That’s right, the people in charge of insuring and seizing failed banks can now zeize a bank and take over their branches without …

Sheila Bair, FDIC Chairman, explains the many concerns depositors have about their bank accounts due the recent bank failures. Depositors don’t have to worry if they are within the FDIC loan limits. She also talks about the FDIC loan modification program for IndyMac Bank customers. More info at: SCCRealEstateUncensored.com MiCasaMiDinero.com